Preview Questions Risk Assessment Analyst | Role Specific Skill

Question 1: How does macroprudential risk assessment assist in identifying systemic risks in the BFSI sector?

Which action should you take?

Choose only one option

By monitoring only market trends, not individual institutions

By analyzing interconnected risks within the financial system

By evaluating consumer behavior patterns in financial markets

By focusing solely on individual financial institutions

Question 2: How does the use of insurance as a risk mitigation strategy benefit a financial institution?

Which action should you take?

Choose only one option

It transfers specific types of risk to an insurer in exchange for a premium

It eliminates the need for regulatory capital requirements

It eliminates operational risk entirely by covering all potential risks

It allows the institution to take on more risk without concern for future losses

Question 3: Which method would you use to ensure accuracy and consistency in preparing financial risk reports?

Which action should you take?

Choose only one option

Relying on subjective judgment of each report section

Using the same templates repeatedly without change

Ignoring inconsistencies in the data

Regular data validation checks and internal audits

Question 4: Which regulatory body is most likely to enforce compliance in the financial services industry?

Which action should you take?

Choose only one option

Federal Reserve

International Monetary Fund (IMF)

World Bank

Financial Conduct Authority (FCA)

Question 5: When preparing a quarterly risk report, which of the following is the most important to ensure clarity and impact?

Which action should you take?

Choose only one option

Using complicated graphs with multiple axes to show detailed data

Including comparative metrics from previous quarters to highlight trends and patterns

Including every detail of every individual risk event

Focusing only on one area of risk without considering the broader portfolio

Question 6: What is the best mitigation strategy for reputational risks in BFSI?

Which action should you take?

Choose only one option

Outsourcing customer support

Ignoring minor complaints

Increasing advertising spend

Proactive crisis communication